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Short MSCI EAFE -1X ETF logoThe ProShares Short MSCI EAFE ETF (EFZ) is an exchange-traded fund that provides short exposure to the MSCI EAFE Index. The MSCI EAFE Index is a widely recognized benchmark for international equity investments, representing the developed markets of Europe, Australasia, and the Far East.

EFZ seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the MSCI EAFE Index. This means that if the MSCI EAFE Index declines by 1% on a given day, EFZ should increase by approximately 1% on the same day. Conversely, if the MSCI EAFE Index increases by 1% on a given day, EFZ should decrease by approximately 1% on the same day.

EFZ is designed to be used by investors who believe that the MSCI EAFE Index will decline in value. It is intended to be used as a short-term trading vehicle, not as a long-term investment. As with any investment, there are risks associated with investing in EFZ, including the risk that the fund may not achieve its investment objective and the risk that the value of the fund's shares may decline.

Investors in EFZ should also be aware of the fund's expenses, which include a management fee of 0.95% and other expenses such as trading costs. These expenses can erode the fund's returns over time, especially if the fund is held for an extended period.

Overall, EFZ may be appropriate for investors who want to hedge their exposure to international equity markets or who have a negative outlook on the MSCI EAFE Index. As with any investment, investors should carefully consider their investment objectives, risk tolerance, and investment time horizon before investing in EFZ or any other exchange-traded fund.




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